Deutsche Lufthansa (OTCMKTS:DLAKY) Stock Price Up 6.5% – Here’s Why

Deutsche Lufthansa AG (OTCMKTS:DLAKY)’s stock price was up 6.5% on Thursday . The stock traded as high as $11.10 and last traded at $11.09. Approximately 43,845 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 233,623 shares. The stock had previously closed at $10.41.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Barclays cut shares of Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research note on Friday, May 8th. The Goldman Sachs Group lowered shares of Deutsche Lufthansa from a “neutral” rating to a “sell” rating in a research note on Friday, March 20th. Morgan Stanley cut shares of Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a report on Tuesday, May 26th. Finally, Zacks Research upgraded shares of Deutsche Lufthansa from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce”.

Deutsche Lufthansa Price Performance

The company has a market capitalization of $13.35 billion, a price-to-earnings ratio of 7.42, a P/E/G ratio of 1.20 and a beta of 0.97. The stock has a fifty day simple moving average of $9.47 and a 200-day simple moving average of $9.71. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.81 and a quick ratio of 0.73.

Deutsche Lufthansa (OTCMKTS:DLAKY) last released its quarterly earnings data on Wednesday, May 6th. The transportation company reported ($0.64) EPS for the quarter, missing the consensus estimate of ($0.29) by ($0.35). The company had revenue of $10.28 billion during the quarter, compared to analysts’ expectations of $10.29 billion. Deutsche Lufthansa had a return on equity of 13.46% and a net margin of 3.83%. On average, equities research analysts anticipate that Deutsche Lufthansa AG will post 1.15 EPS for the current year.

Institutional Trading of Deutsche Lufthansa

A hedge fund recently bought a new stake in Deutsche Lufthansa stock. Sterling Capital Management LLC acquired a new stake in Deutsche Lufthansa AG (OTCMKTS:DLAKY) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 24,628 shares of the transportation company’s stock, valued at approximately $204,000.

Deutsche Lufthansa Company Profile

Deutsche Lufthansa AG is a leading global aviation company headquartered in Cologne, Germany, and is recognized as one of the world’s largest airline groups. Founded in its modern form in 1953, the company traces its heritage back to the original Deutsche Luft Hansa established in 1926. Lufthansa operates passenger and cargo services under its flagship brand, as well as through numerous subsidiaries including Swiss International Air Lines, Austrian Airlines, Brussels Airlines and the low-cost carrier Eurowings.

The group’s passenger network spans Europe, the Americas, Asia, Africa and the Middle East, with primary hubs at Frankfurt Airport and Munich Airport.